Tag Archives: Pasadena short sales broker

What is a short sale hardship?

By Pasadena short sale agents Munson Realty

Short Sale Hardship-In a traditional short sale where there is a true ”hardship” for the underwater homeowner, the bank will often ask for a “hardship letter” explaining the homeowners case for “short sale hardship”.

A short sale hardship can include:

Loss of job

Sky rocketing interest rate

Death or illness in the family

Divorce

Loss of business

In this video Munson Realty, Pasadena short sale agents describe short sale hardship and we answer the question: Is it always necessary to have a true hardship for a short sale? You may be surprised to find out just how flexible banks are getting with short sale hardship cases. In fact you will learn about how many homeowners are doing a “strategic short sale” with no real short sale hardship.

f you believe you pass the “Hardship Test”, it is most likely time to proceed with the Process of a short Sale. It is now time to contact Us and we will quickly be able to confirm if indeed you qualify for a Short Sale. Once that is established, we will begin the Listing Process and guide you through the following steps:

Put your Hardship Letter together

Give us (your agent) Permission to Contact your lender to negotiate on your behalf and determine what you owe to date.

After we determine the market value we will set a listing price and your home will be listed and Marketed on the MLS.

Once Offer is Received and you have approved the offer, we will negotiate with your lender for their approval of the Short Sale

Once Short Sale is approved by lender, escrow process begins

After all parties meet their obligations escrow is closed and short sale is successfully closed.

More questions about Pasadena short sales? Contact us directly at 626-376-9732.

Short Sale vs Foreclosure-

by Los Angeles short sale agents Munson Realty

It’s no “news flash” that many homeowners are underwater and desperate for relief. They are experiencing hardships such as job loss, death or illness in the family or frankly their adjustable loan rates have spiraled out of control leaving them very few options. In most cases those options are to walk away and allow the bank to “foreclose” on their property or to “short sale” for a faster credit recovery.

In this video, Los Angeles short sale agent, Stephen Munson discusses the main differences between a Foreclosure and a short sale and how each impacts your credit. You may be surprised to find out just how soon you can become a homeowner again depending upon which route you choose to take… foreclosure or short sale!

What Is A Strategic Short Sale?

By Los Angeles Short Sale Agents, Munson Realty

What is a Strategic Short sale?Traditionally an underwater seller must prove some sort of hardship like job loss, death of a spouse, illness or some other unfortunate circumstance to qualify for a short sale. But what about those who have no real hardship but have seen the value of their properties plummet…and as pure business decision want out?

Enter the “Strategic Short Sale”… in this video exert, Los Angeles short sale agent Stephen Munson of Munson Realty explains “What is a strategic short sale”-

Even though some homeowners can still make their payments and they have no other real “hardship”, they’ve decided to short sale their property. In essence they have “strategized” their way out of a declining investment. In this video we will briefly explain the strategic short sale, its pros and its cons.

What is a short sale hardship?

By Pasadena short sale agents Munson Realty

Short Sale Hardship-In a traditional short sale where there is a true ”hardship” for the underwater homeowner, the bank will often ask for a “hardship letter” explaining the homeowners case for “short sale hardship”.

A short sale hardship can include:

Loss of job

Sky rocketing interest rate

Death or illness in the family

Divorce

Loss of business

In this video Munson Realty, Pasadena short sale agents describe short sale hardship and we answer the question: Is it always necessary to have a true hardship for a short sale? You may be surprised to find out just how flexible banks are getting with short sale hardship cases. In fact you will learn about how many homeowners are doing a “strategic short sale” with no real short sale hardship.

f you believe you pass the “Hardship Test”, it is most likely time to proceed with the Process of a short Sale. It is now time to contact Us and we will quickly be able to confirm if indeed you qualify for a Short Sale. Once that is established, we will begin the Listing Process and guide you through the following steps:

Put your Hardship Letter together

Give us (your agent) Permission to Contact your lender to negotiate on your behalf and determine what you owe to date.

After we determine the market value we will set a listing price and your home will be listed and Marketed on the MLS.

Once Offer is Received and you have approved the offer, we will negotiate with your lender for their approval of the Short Sale

Once Short Sale is approved by lender, escrow process begins

After all parties meet their obligations escrow is closed and short sale is successfully closed.

More questions about Pasadena short sales? Contact us directly at 626-376-9732.

Short Sale Video FAQs-

by Pasadena Short Sale Agents Munson Realty

Short sale Video FAQ’s is a serious of Short Sale Videos produced by Pasadena short sale agents Munson Realty to answer many short sale questions including:

What is a short sale hardship?

What is a strategic short sale?

Short sale vs foreclosure-how does each affect your credit?

Whatch the short sale videos below and learn how you can avoid foreclosure with a short sale and just exactly how the process will affect you!

Short Sale vs Foreclosure

By Pasadena Short Sale Agents, Munson Realty

Short Sale vs Foreclosure-by Pasadena short sale agents Munson Realty- It’s no “news flash” that many homeowners are underwater and desperate for relief. They are experiencing hardships such as job loss, death or illness in the family or frankly their adjustable loan rates have spiraled out of control leaving them very few options. In most cases those options are to walk away and allow the bank to “foreclose” on their property or to “short sale” for a faster credit recovery. In this video, Pasadena short sale agentStephen Munson discusses the main differences between a Foreclosure and a short sale and how each impacts your credit. You may be surprised to find out just how soon you can become a homeowner again depending upon which route you choose to take… foreclosure or short sale!

What Is A Strategic Short Sale?

By Pasadena Short Sale Agents, Munson Realty

What is a Strategic Short sale? Traditionally an underwater seller must prove some sort of hardship like job loss, death of a spouse, illness or some other unfortunate circumstance to qualify for a short sale. But what about those who have no real hardship but have seen the value of their properties plummet…and as pure business decision want out?

Enter the “Strategic Short Sale”… in this video exert, Pasadena short sale agent Stephen Munson of Munson Realty explains “What is a strategic short sale”-Even though some homeowners can still make their payments and they have no other real “hardship”, they’ve decided to short sale their property. In essence they have “strategized” their way out of a declining investment. In this video we will briefly explain the strategic short sale, its pros and its cons.

What is a short sale hardship?

By Pasadena short sale agents Munson Realty

Short Sale Hardship-In a traditional short sale where there is a true ”hardship” for the underwater homeowner, the bank will often ask for a “hardship letter” explaining the homeowners case for “short sale hardship”. A short sale hardship can include: loss of job, sky rocketing interest rates and various other reasons.

In this video Munson Realty, Pasadena short sale agents describe short sale hardship and we answer the question: Is it always necessary to have a true hardship for a short sale? You may be surprised to find out just how flexible banks are getting with short sale hardship cases. In fact you will learn about how many homeowners are doing a “strategic short sale” with no real short sale hardship.

Short Sale FAQ’s by Pasadena Short Sale Agents Munson Realty

Short Sale FAQs- There is no longer the same stigmas that use to be associated with short selling a home. A short sale can be a good solution for homeowners who need to sell, but owe more on their mortgage than the home is worth. In the past, it was rare for a bank or lender to accept a short sale, but now short sales comprise a huge portion of today’s housing inventory. If you’re considering avoiding foreclosure by way of a short sale, you need the facts and you need to make your decisions pretty quick. Here is a list of frequently asked questions by Pasadena short sale agents, Munson Realty, that will answer questions like: What is a short sale? Will getting started on a short sale stop foreclosure? What is a strategic short sale? How much does it cost to short sale a home? When is it too late to short sale? These and many more questions are clearly answered in the Los Angeles short sale agents “Short Sale FAQs” video presentation. Contact us at 626-376-9732 if you still have short sale questions we can help you with.

Short Sale vs Foreclosure-

by Los Angeles short sale agents Munson Realty

It’s no “news flash” that many homeowners are underwater and desperate for relief. They are experiencing hardships such as job loss, death or illness in the family or frankly their adjustable loan rates have spiraled out of control leaving them very few options. In most cases those options are to walk away and allow the bank to “foreclose” on their property or to “short sale” for a faster credit recovery.

In this video, Los Angeles short sale agent, Stephen Munson discusses the main differences between a Foreclosure and a short sale and how each impacts your credit. You may be surprised to find out just how soon you can become a homeowner again depending upon which route you choose to take… foreclosure or short sale!

Short Sale vs Foreclosure

By Pasadena Short Sale Agents, Munson Realty

Short Sale vs Foreclosure-by Pasadena short sale agents Munson Realty- It’s no “news flash” that many homeowners are underwater and desperate for relief. They are experiencing hardships such as job loss, death or illness in the family or frankly their adjustable loan rates have spiraled out of control leaving them very few options. In most cases those options are to walk away and allow the bank to “foreclose” on their property or to “short sale” for a faster credit recovery. In this video, Pasadena short sale agent Stephen Munson discusses the main differences between a Foreclosure and a short sale and how each impacts your credit. You may be surprised to find out just how soon you can become a homeowner again depending upon which route you choose to take… foreclosure or short sale!